{ "ticker": { "uuid": "755b3888-e823-4949-b073-a14bac9b4ae6", "symbol": "UST", "name": "Amundi Core Nasdaq-100 Swap UCITS ETF Acc", "exchange": "MIL", "country": "IT", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "FTSEMIB.MI", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 94.026, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 47.056, "architecture_energy": 30.597, "architecture_maturity": 68.968, "architecture_confidence": 82.867, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 28.02, "rotation_up": 31.37, "upward_expansion": 62.22, "deceleration": 85.49, "rotation_down": 30.93, "downward_expansion": 21.22 }, "activity_lines": [ 102.208666, 103.243455, 102.39681, 99.162194 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.5 }, "latest_close": 104.599998, "trend_reference": 95.125, "distance_from_trend": 0.099606, "trend_direction": "Improving", "fair_value": 77.395897, "distance_from_fair_value": 0.351493, "fair_value_direction": "Weakening", "relative_strength": -1.411647, "relative_strength_direction": "Weakening", "price_momentum": 0.220537, "excess_performance": 0.049645, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.099606, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.06016, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.351493, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.018526, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.014116, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.055329, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.220537, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.618735, "read": "Demand-led" } ], "volume": { "latest": 194296, "relative_activity": 2.11098, "balance": 1.618735, "dry_up": 1.429743, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.034204, "annualized_volatility": 0.189307, "from_high_reference": -0.029775, "from_low_reference": 0.310613 }, "levels": { "trend_reference": 95.125, "fair_value_reference": 77.395897, "structural_low": 81.800003, "invalidation": "A 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"relative_strength": -1.087597, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.399895, "energy": 40.718122, "activity_lines": [ 103.095335, 104.091456, 101.651715, 98.195334 ] }, { "date": "2026-07-31", "close": 99.239998, "volume": 120694, "typical_volume": 87438.5, "trend": 94.628, "fair_value": 77.076987, "relative_strength": -3.713014, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 37.954503, "energy": 27.678557, "activity_lines": [ 101.582, 103.138547, 101.798572, 98.518839 ] }, { "date": "2026-08-07", "close": 104.599998, "volume": 194296, "typical_volume": 92040.65, "trend": 95.125, "fair_value": 77.395897, "relative_strength": -1.411647, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 47.056186, "energy": 30.597246, "activity_lines": [ 102.208666, 103.243455, 102.39681, 99.162194 ] } ], "method": { "price_basis": "completed market observations", "trend": "Trend provides the primary directional reference.", "fair_value": "Fair Value provides long-term price context and is not a forecast or target.", "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.", "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read." } } }